WSBL...NEWS: WaveScribe Continues to Bolster Bottom Line Revenue; New Contract Should Increase Revenue by 12%
WaveScribe International Corp. (Pink Sheets: WSBL) continues its expansion of service and software offerings to one of California's top 10 HMO/industrial medicine providers. In addition to the three clinics in Los Angeles, Inglewood and Culver City, WaveScribe is completing the addition of a sister facility in Riverside, Calif. Upon executing the final details, this facility can begin utilizing the WaveScribe Web-based transcription platform by the third week of September. With WaveScribe, the Riverside facility will now have the ability to share work easily and effectively with their internal staff, as well as outsourced transcription provider. "We continue to be committed to a continuous growth pattern with this client. There are many areas where our product can make a tremendous difference regarding client workflow, distribution and report production. WaveScribe offers a unique opportunity for them to easily take advantage of," said Cris Bahar, president of WaveScribe International Corp. The Industrial Medicine Division anticipates increased revenues of approximately 12% this year. Due to a strict privacy policy for this HMO client, we are unable to provide their name at this time.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
WaveScribe International Corp., Las Vegas
Carolyn Banks, 702-435-9283 or 866-669-9283
www.wavescribe.com
Source: Business Wire (September 19, 2005 - 4:01 PM EDT)
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